Coinbase integrates Apple Pay for its UK customers

This is a significant step for Coinbase: the exchange now allows payments via Apple Pay. Initially, however, the service is only available in the UK.

Apple Pay payments on Coinbase

The arrival of Apple Pay on Coinbase has a purpose for the company: increase the number of people holding cryptocurrencies in the UK. Currently, according to the exchange platform, there are 6 million of them.

We know users love using Apple Pay in their everyday lives, so it made sense to bring this convenient payment method to Coinbase.»

👉 To go further – Guide and review on Coinbase: a platform for buying cryptocurrencies

The exchange also highlights several benefits of Apple Pay. Especially, the fact that the card numbers used are not stored on the user’s device or on Apple’s servers. So for Coinbase, it is a means of “more secure and private» buy cryptocurrencies.

Coinbase: sign up for the world’s most famous crypto exchange

The regulatory framework that has tightened in the UK

The UK is notoriously strict when it comes to cryptocurrencies, and several companies have fled the British Isles in search of greener pastures. At the beginning of the year, Coinbase UK had to tighten its identity verification policy. In addition, Kraken began to request information about the non-binding wallets of its UK clients.

👉 Read on the same topic – Ex-Treasury Secretary, Ex-Defense Secretary… Coinbase recruits political figures in the United States and the United Kingdom

The news was brought by Coinbase with the integration of Apple Pay this shows that the company wishes to remain anchored across the Atlanticdespite the tightening of regulatory conditions.

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Source: Coinbase, press release

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